HSBC and PayPal are among the founding member of a new working group investigating the adoption of quantum-safe cryptography in the payments industry.
Experts predict that over the next decade cryptographically relevant quantum computers will start posing cybersecurity risks. The technology could be used to break today’s encryption standards, such...
That's been the logic employed by tech stock bears who have thrown in the towel on short positions over the last year. And the buying volume that results from what's commonly referred to as a "short squeeze" has been a crucial driver of tech gains during the period.
What's more,...
Snap shares plunged 30% in extended trading on Monday after CEO Evan Spiegel warned in a note to employees that the company will miss its own targets for revenue and adjusted earnings in the current quarter.
The social media company will also slow hiring through the end of the year...
UBS on Tuesday reported a net profit of $1.8 billion for the first quarter of the year, smashing analyst expectations.
Lower expenses following the takeover of Credit Suisse in June 2023 helped the bank post a net profit of $1.8 billion in the first quarter, ahead of a consensus forecast...
China's new nuclear-capable ICBM. CCTV
At a parade touting Beijing's massive military might on the 90th anniversary of the founding of the People's Liberation Army, China rolled out it's newest intercontinental ballistic missile, the DF-31AG.
Unlike the DF-31 before it, the DF-31AG boasts a range extended to above 6,800 miles, which means that...
Job creation at companies decelerated to the slowest pace of the pandemic-era recovery in May, payroll processing firm ADP reported Thursday.
Private sector employment rose by just 128,000 for the month, falling well short of the 299,000 Dow Jones estimate and a decline from the downwardly revised 202,000 in April,...
